Dalradian Resources Inc.
TSX : DNA

Dalradian Resources Inc.

November 30, 2011 11:15 ET

Dalradian Announces Resource Increase at Curraghinalt

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2011) - Dalradian Resources Inc. ("Dalradian" or the "Company") (TSX:DNA) is pleased to announce an updated mineral resource estimate for its 100% owned Curraghinalt gold deposit, part of the Tyrone Project, located in Northern Ireland.

Resource Category
(Cut-off Grade of 5.0 g/t)
Measured Mineral Resources
(as at November 30, 2011)

Million Tonnes Grade (g/t Au) Contained Metal
Tonnes M oz
Measured 0.02 21.51 0.44 0.01
Indicated 1.11 12.84 14.20 0.46
Measured + Indicated 1.13 13.00 14.65 0.47
Inferred 5.45 12.74 69.44 2.23

"Our Curraghinalt gold deposit continues to deliver." comments CEO Patrick F. N. Anderson. "Our drilling program over the past year has increased the previous resource estimate by 73% and the deposit remains open along strike, across strike and down dip. Currently, all of our rigs are working on an infill drilling program but we expect to restart drilling along trend and on our regional targets in the next week."

The Company intends to file a National Instrument 43-101 ("NI 43-101") compliant technical report in respect of the updated mineral resource estimate on SEDAR and on the Company's website within 45 days of this news release.

Key assumptions of the updated mineral resource estimate for the Curraghinalt gold deposit are as follows:

  1. The mineral resource estimate for the Curraghinalt gold deposit has been prepared and categorized for reporting purposes by Mr. DK Mukhopadhyay, MAusIMM (CP), Senior Mineral Resource Geologist of Micon International Co Limited, following the guidelines of the Canadian Institute of Mining, Metallurgy and Petroleum. Mr. Mukhopadhyay is a Qualified Person as defined by NI 43-101 on the basis of training and experience in the exploration, mining and estimation of mineral resources of gold deposits and is independent of Dalradian.
  2. The mineral resource estimate for the Curraghinalt gold deposit is defined primarily by diamond core drilling, underground exploration and trench channel sampling. Drilling was conducted on a grid of 30 m x 30 m to 200 m x 200 m. Underground and trench channel samples are spaced at intervals of 3 m to 6 m.
  3. The Curraghinalt gold deposit consists of a series of parallel to sub-parallel veins and splays trending E-W to NW-SE. There are 35 separate structures identified.
  4. Drill core, underground and trench samples were assayed for Au. All samples were regularized to vein width.
  5. Mineralization envelopes were defined using a cut-off grade of 1.0 g/t Au.
  6. The gold price used for calculating the cut-off grade was US $900/ounce.
  7. Block grades were interpolated using Inverse Distance with a Power of 5 and were verified by ordinary kriging on a few major veins. Estimation was carried out for linear metal accumulation gm/t and length of the composited samples. Gold grades were recalculated from these two estimations.
  8. Bulk density of the mineralization was based on actual data collected during exploration. The bulk density factor varied based on individual veins and ranged from 2.70 t/m3 to 3.09 t/m3.
  9. Blocks with a vein width of 0.1 m were considered as part of the resource. All the selected blocks were diluted to 1.0 m width. A grade cut-off of 5 g/t was considered after dilution for inclusion in the resource. Categorization of mineral resources was done based on the following criteria;
    1. Measured mineral resources are defined as those portions of the deposit which have underground channel samples within a 15 m radius.
    2. Indicated mineral resources were defined as those portions of the deposit which were drilled with a density of 30 m X 30 m.
    3. Inferred mineral resources were defined as those portions of the deposit for which the drill spacing is about 200 m x 200 m.
  10. Omac Laboratories Ltd. (ISO/IEC 17025 accredited) of Loughrea, Republic of Ireland, performed the assays.

Dalradian Resources Inc.: A golden opportunity in Northern Ireland

Dalradian is a Canadian-based exploration company working to increase its gold resources at its approximately 84,000-hectare Tyrone Project, which encompasses its flagship Curraghinalt mesothermal gold deposit, in counties Tyrone and Londonderry in Northern Ireland. Its active exploration program is underway with six drill rigs operating at the site. Dalradian's common shares are listed on the Toronto Stock Exchange under the symbol "DNA". For further information, please see www.dalradian.com.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the estimation of mineral resources. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions, such as the price of gold used for calculating the cut-off grade.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in the Company's annual information form. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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